By Colin Kellaher
Quipt Home Medical has struck a deal to be acquired by Kingswood Capital Management and Forager Capital Management in a deal that values the provider of home-medical equipment at nearly $159 million.
Quipt on Monday said its investor will receive $3.65 a share in cash, a 40% premium to Friday's closing price of $2.61 for the Wilder, Ky., company and more than 2.5-times Quipt's closing price on May 19, the day before Forager first disclosed its takeover interest.
Shares of Quipt were recently up 30% to $3.40 in premarket trading.
The deal, which is worth about $260 million including Quipt's debt, is slated to close during the first half of 2026.
Quipt had previously rejected a proposal by Forager, which already owns nearly 10% of Quipt, to buy the rest of the company for $3.10 a share.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 15, 2025 08:06 ET (13:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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